Dollar purchases increased (sooner than expected) in the electoral year

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Dollar purchases increased (sooner than expected) in the electoral year

First week
June 2011

The private sector’s net purchases of foreign assets did not stop and reached U$S 7.5 billion in the first five months of the year

This figure is greater than the US$ 7.4 billion accumulated in the 10 months before the 2007 Presidential elections. In the first five months of 2007 capital flight was only US$ 133 million. International reserves will fall this year, for the first time since the end of convertibility, approximately US$ 2.7 billion.